Treatment of Shares of Restricted Stock Upon Termination Contract Clauses (22)

Grouped Into 3 Collections of Similar Clauses From Business Contracts

This page contains Treatment of Shares of Restricted Stock Upon Termination clauses in business contracts and legal agreements. We have organized these clauses into groups of similarly worded clauses.
Treatment of Shares of Restricted Stock Upon Termination. Except as otherwise provided in the Grant Notice, in the event of the Participant's Termination for any reason prior to the date that all of the shares of the Participant's Restricted Stock have vested, (x) all vesting with respect to the Participant's Restricted Stock shall cease and (y) all unvested shares of Restricted Stock shall be forfeited to the Company by the Participant for no consideration as of the date of such Termination.5. Company; Participant. (a) The term "Company" as used in th...is Restricted Stock Agreement with reference to employment shall include the Company and its Subsidiaries. (b) Whenever the word "Participant" is used in any provision of this Restricted Stock Agreement under circumstances where the provision should logically be construed to apply to the executors, the administrators, or the person or persons to whom the shares of Restricted Stock may be transferred by will or by the laws of descent and distribution, the word "Participant" shall be deemed to include such person or persons. View More Arrow
Found in PRA Health Sciences contract
Treatment of Shares of Restricted Stock Upon Termination. Except as otherwise provided in the Grant Notice, in the event of the Participant's Termination for any reason prior to the date that all of the shares of the Participant's Restricted Stock have vested, (x) all vesting with respect to the Participant's Restricted Stock shall cease and (y) all unvested shares of Restricted Stock shall be forfeited to the Company by the Participant for no consideration as of the date of such Termination.5. Company; Participant. (a) The term "Company" as used in th...is Restricted Stock Agreement with reference to employment shall include the Company and its Subsidiaries. (b) Whenever the word "Participant" is used in any provision of this Restricted Stock Agreement under circumstances where the provision should logically be construed to apply to the executors, the administrators, or the person or persons to whom the shares of Restricted Stock may be transferred by will or by the laws of descent and distribution, the word "Participant" shall be deemed to include such person or persons. Termination. View More Arrow
Found in PRA Health Sciences contract
Treatment of Shares of Restricted Stock Upon Termination. Except as Unless otherwise provided in by the Grant Notice, Committee, in the event of the of: (a) a Participant's Termination for any reason other than as set forth in Section 4(b) of this Restricted Stock Agreement prior to the date time that all of the shares of the such Participant's Restricted Stock have vested, (x) vested and the restrictions on such shares of Restricted Stock have lapsed, (i) all vesting with respect to the such Participant's Restricted Stock shall cease and (y) all (ii) ...unvested shares of Restricted Stock shall be forfeited to the Company and the Participant shall transfer such shares to such Person (including but not limited to the Trustee) as the Company shall direct, by the Participant for no consideration as of the date of such Termination.5. Termination; and (b) Participant's Termination as a result of such Participant's death or Disability, the Participant's Restricted Stock shall fully vest.5. Company; Participant. (a) The term "Company" as used in this Restricted Stock Agreement with reference to employment shall include the Company and its Subsidiaries. (b) Whenever the word "Participant" is used in any provision of this Restricted Stock Agreement under circumstances where the provision should logically be construed to apply to the executors, the administrators, or the person or persons to whom the shares of Restricted Stock may be transferred by will or by the laws of descent and distribution, the word "Participant" shall be deemed to include such person or persons. View More Arrow
Found in Gates Industrial Corp plc contract
Treatment of Shares of Restricted Stock Upon Termination. Except as otherwise provided in the Grant Notice, in the event (a) The provisions of Sections 9(b) of the Participant's Termination for any reason prior to Plan are incorporated herein by reference and made a part hereof. (b) If the date that all of the shares of the Participant's Restricted Stock have vested, (x) all vesting with respect to the Participant's Restricted Stock shall cease and (y) Participant undergoes a Termination, then all unvested shares of Restricted Stock shall be forfeited ...to the Company by the Participant for no consideration as of the date of such Termination.5. Company; Participant. (a) The term "Company" as used in this Restricted Stock Agreement with reference to employment shall include the Board, the Company and its Subsidiaries. (b) Whenever the word "Participant" is used in any provision of this Restricted Stock Agreement under circumstances where the provision should logically be construed to apply to the executors, the administrators, or the person or persons to whom the shares of Restricted Stock may be transferred by will or by the laws of descent and distribution, the word "Participant" shall be deemed to include such person or persons. 3 6. Non-Transferability. The shares of Restricted Stock are not transferable by the Participant except to Permitted Transferees in accordance with Section 14(b) of the Plan. Except as otherwise provided herein, no assignment or transfer of the shares of Restricted Stock, or of the rights represented thereby, whether voluntary or involuntary, by operation of law or otherwise, shall vest in the assignee or transferee any interest or right herein whatsoever, but immediately upon such assignment or transfer the shares of Restricted Stock shall terminate and become of no further effect. View More Arrow
Found in American Renal Associates Holdings, Inc. contract
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Treatment of Shares of Restricted Stock Upon Termination. (a) The provisions of Sections 9(b) and 9(c)(ii) of the Plan are incorporated herein by reference and made a part hereof. In addition to (and not in lieu of) Section 9(c)(ii) of the Plan, in the event of the Participant's Termination due to death or Disability prior to the fourth anniversary of the Date of Grant and other than within 12 months following a Change in Control, a pro-rata portion (rounded up to the nearest whole number) of the next (25%) tranche of the shares of Restricted Stock tha...t was scheduled to vest on the next vesting date immediately following Participant's Termination due to death or Disability shall vest (and the restrictions thereon shall immediately lapse) as of the date of such Termination based on a fraction (x) the numerator of which is equal to the number of completed months that have elapsed in the one-year period ending on such next vesting date through and including the date of such Termination and (y) the denominator of which is equal to 12. (b) If the Participant undergoes a Termination other than under circumstances described in Section 4(a), then all unvested shares of Restricted Stock shall be forfeited to the Company by the Participant for no consideration as of the date of such Termination. 3 5. Company; Participant. (a) The term "Company" as used in this Restricted Stock Agreement with reference to employment shall include the Company and its Subsidiaries. (b) Whenever the word "Participant" is used in any provision of this Restricted Stock Agreement under circumstances where the provision should logically be construed to apply to the executors, the administrators, or the person or persons to whom the shares of Restricted Stock may be transferred by will or by the laws of descent and distribution, the word "Participant" shall be deemed to include such person or persons. View More Arrow
Found in SeaWorld Entertainment, Inc. contract
Treatment of Shares of Restricted Stock Upon Termination. (a) The provisions of Sections 9(b) and 9(c)(ii) of the Plan are incorporated herein by reference and made a part hereof. In addition to (and not in lieu of) Section 9(c)(ii) of the Plan, in the event of the Participant's Termination (A) by the Company other than for Cause or (B) due to Participant's death or Disability Disability, in each case, prior to the fourth anniversary of the Date of Grant and other than within 12 months following a Change in Control, a pro-rata portion (rounded up Contr...ol or (C) by the Participant for Good Reason prior to the nearest whole number) fourth anniversary of the next (25%) tranche Date of Grant, the shares of Restricted Stock that was scheduled granted to vest on the next vesting date immediately following Participant's Termination due Participant hereunder, to death or Disability the extent then outstanding and unvested, shall vest (and become fully vested and the restrictions thereon shall immediately lapse) lapse as of the date of such Termination based on a fraction (x) the numerator of which is equal Termination. Notwithstanding anything to the number of completed months that have elapsed contrary contained herein or in the one-year period ending on such next vesting date through Plan, for purposes of this Restricted Stock Agreement, the terms "Cause", "Good Reason" and including "Disability" (including, without limitation, incorporated references to the date terms "Cause" and "Disability" set forth in Section 9(c)(ii) of such Termination the Plan) shall have the same respective meanings as set forth in the Executive Employment Agreement, dated as of March 16, 2015, by and (y) between the denominator of which is equal to 12. Company and the Participant (the "Executive Employment Agreement"). (b) If the Participant undergoes a Termination other than under circumstances described in Section 4(a), then all unvested shares of Restricted Stock shall be forfeited to the Company by the Participant for no consideration as of the date of such Termination. 3 5. Company; Participant. (a) The term "Company" as used in this Restricted Stock Agreement with reference to employment shall include the Company and its Subsidiaries. (b) Whenever the word "Participant" is used in any provision of this Restricted Stock Agreement under circumstances where the provision should logically be construed to apply to the executors, the administrators, or the person or persons to whom the shares of Restricted Stock may be transferred by will or by the laws of descent and distribution, the word "Participant" shall be deemed to include such person or persons. View More Arrow
Found in SeaWorld Entertainment, Inc. contract
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Treatment of Shares of Restricted Stock Upon Termination. The provisions of Section 9(c)(ii) of the Plan are incorporated herein by reference and made a part hereof.
Found in PRA Health Sciences contract
Treatment of Shares of Restricted Stock Upon Termination. The provisions of Section Sections 9(b) and 9(c)(ii) of the Plan are incorporated herein by reference and made a part hereof.
Found in Patriot National, Inc. contract
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